Goldman Sachs Predicts Gold Will Hit $4,900 by Year-End

Crypto Insight Summary: Goldman Sachs analysts forecast gold prices will reach $4,900 per troy ounce this year, supported by central bank demand, which is expected to reach 50 tonnes of gold per month. Nonetheless, the analysts did not consider elevated demand for gold hedges via ETFs. Goldman Sachs: Gold to Rise to $4,900 on Central Bank Demand With […] Crypto Insight Analysis: Direction: Bearish BTC / Bearish ETH / Bearish Altcoins Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Gold price forecast may divert short-term capital from crypto to gold.